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McLellan Acquires Six-Bldg Office Park in Clackamas for $27.5M

Warren Family Properties Sells 200,000-SF Clackamas Business Center
January 22, 2018
McLellan Estate Co., a Belmont, CA-based real estate owner and operator, purchased the Clackamas Business Center in Clackamas, OR from Warren Family Properties LLC for $27.5 million, or about $137 per square foot.

The Clackamas Business Center, completed in 1979, spans across six buildings that total 200,028 square feet. Of the six buildings, Building C is the largest at 67,568 square feet.

The asset was 99 percent leased at the time of the sale. Major tenants within the Clackamas Business center include Mattress World, Marion Construction, Portland Fruit LLC, Harmony Kids LLC and Portland Cider Company.

Located at 14863 SW. 82nd Ave., the industrial/office facility is about 10 miles south of Portland, OR, accessible via OR-224, SE McLoughlin Blvd. and Interstates 205 and 84.

Scott Finney and Nicholas Chessar of Norris & Stevens, Inc. brokered the deal on behalf of the seller and buyer.

Please refer to CoStar COMPS #4104423 for more information on this transaction.
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